Kiri Dyes and Chemicals acquired Germany based Dystar Group

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Kiri Dyes and Chemicals Ltd (KDCL) today said it has acquired Germany-based Dystar Group with the support of its joint venture partner Longsheng Group.

The company has acquired Dystar Group through its special purpose vehicle - Kiri Holding Singapore Pvt Ltd, Kiri Dyes and Chemicals said in a filing to the Bombay Stock Exchange (BSE).
The company, however, did not provide any financial details.

The acquisition of Dystar Group would help KDCL access new markets and customers in Europe, the filing said.

Dystar Group is the market leader for dyes, leather and chemicals and has 21 per cent market share globally.